The land banker, the long term landlord, the neighbor that wants to expand their home, or the horse owning owner occupant with no other options?  

You will need the cash to build it and I doubt banks will be favorable with lending terms.

You can talk to the bank about a loan; however, my bet is they will want some form of contract and scope of work and will only pay him at set milestones.

She then met with her financial advisor, and immediately called me to complain that her future lifestyle was going to be “compromised” by the terms of our divorce. 

Hi @Stephanie Medina, I suggest you go for it with your current LTR and make it a short term.

@Nathan Gesner Yes, I'm fairly confident if we were to hold long term, we'll do just fine. 

Beyond immediate safety concerns, the long-term financial implications, including taxes, are a pressing issue for those impacted by the disaster.

google "all inclusive Deed of Trust" fantastic CA document we used all the way back in the early 80s If I'm not mistaken though a wrap would require the 2nd buyer to also agree to financing terms; which would be the same as me (the 1st buyer). 

The appraisal came in at $245K, but they are only loaning me 70% of the ARV.

If you are going to be an owner-occupant, want a low down payment, and are planning to do a renovation, the FHA 203k and Fannie May Homestyle loans are your best optionsHow do you know the property is currently upside down on the mortgage?